Economic Actors (economic + actor)

Distribution by Scientific Domains


Selected Abstracts


The Elephant in the Corner?

GEOGRAPHY COMPASS (ELECTRONIC), Issue 2 2010
Reviewing India-Africa Relations in the New Millennium
As countries of the ,global South' seek to challenge existing uneven architectures of economic, political and institutional power, now under different circumstances to those prevailing during the Cold War, relations between African countries and various ,Rising Powers' have drawn a great deal of academic and public attention. This scrutiny has been heavily tilted towards analysis of China's African activities. This paper aims to partially redress this balance with an introductory review of India's contemporary relations with sub-Saharan Africa. A number of analysts suggest that in the longer term, India may well achieve a more prosperous and stable economy than China, while in the shorter term, its economic and political profile may result in a more productive relationship for many different African countries, sectors and constituencies. But India will also bring its own challenges in its African commercial interactions, bilateral relations and through its part in shaping the multilateral polity and global economy. This paper therefore aims to critically review contemporary India-Africa relations on four broad thematic points. 1Changing geographies of Indo-African relations; 2Trade and foreign direct investment; 3Development cooperation; and 4Geopolitics and diplomacy. India's confidence as a global political and economic actor is apparent in its African diplomacy and economic engagements, but claims to exceptionalism (relative both to Chinese and Western actors) in such relations are not as self-evident as some have asserted. Whether recent shifts in relations between African nations and India will work in the interests of less privileged citizens, workers and consumers in Africa and in India also remain unclear. [source]


The Productive Life of Risk

CULTURAL ANTHROPOLOGY, Issue 3 2004
Caitlin Zaloom
Contemporary social theorists usually conceive of risk negatively. Focusing on disasters and hazards, they see risk as an object of calculation and avoidance. But we gain a deeper understanding of risk in modern life if we observe it in another setting. Futures markets are exemplary sites of aggressive risk taking. Drawing upon extensive fieldwork on trading floors, this article shows how a high modern institution creates populations of risk-taking specialists, and explores the ways that engagements with risk actively organize contemporary markets and forge economic actors. Financial exchanges are crucibles of capitalist production. At the Chicago Board of Trade, financial speculators structure their conduct and shape themselves around risk; and games organized around risk influence the social and spatial dynamics of market life. [source]


Militarization of the Market and Rent-Seeking Coalitions in Turkey

DEVELOPMENT AND CHANGE, Issue 4 2005
rat Demir
This article analyses the role of historically-determined institutional and political characteristics in determining both the nature of the adjustment process, and its economic and political outcomes, in Turkey. In particular, the author explores the degree to which the formation of rent-seeking coalitions has contributed to the failure of neo-liberal economic reforms in the country. The analysis suggests that the Turkish experience since the early 1980s offers a unique case for studying the relationships between the state bureaucracy, the military, the business sector, civil society, and international economic actors. Unlike previous research in this area, this article focuses especially on the role of the military as an interest group in the process of economic liberalization in Turkey. [source]


War, Livelihoods and Vulnerability in Sri Lanka

DEVELOPMENT AND CHANGE, Issue 2 2004
Benedikt Korf
As the number of de-stabilized regions of warfare or post-war conditions worldwide continues to grow, this article investigates how civilians survive in the context of a civil war. It analyses livelihood strategies of farmers in the war-torn areas of Sri Lanka, using an analytical framework based on a revised form of DFID's sustainable rural livelihoods approach, placing particular attention on the institutional reproduction of household capital assets in the war economy. The author delineates a three pillar model of household livelihood strategies focusing on how households (1) cope with the increased level of risk and uncertainty; (2) adjust their economic and social household assets for economic survival; and (3) use their social and political assets as livelihood strategies. Empirical evidence comes from four case study villages in the east of Sri Lanka. Although the four case studies were very close together geographically, their livelihood outcomes differed considerably depending on the very specific local political geography. The role of social and political assets is essential: while social assets (extended family networks) were important to absorb migrants, political assets (alliances with power holders) were instrumental in enabling individuals, households or economic actors to stabilize or even expand their livelihood options and opportunities. The author concludes that civilians in conflict situations are not all victims (some may also be culprits in the political economy of warfare), and that war can be both a threat and an opportunity, often at the same time. [source]


Risky Business: Economic Uncertainty, Market Reforms and Female Livelihoods in Northeast Ghana

DEVELOPMENT AND CHANGE, Issue 5 2000
Brenda Chalfin
This article examines the implications of economic uncertainty for rural markets and the livelihoods of female traders. It does so through a case study of a community in northern Ghana caught in the throes of a structural adjustment-driven privatization initiative. In order to fully comprehend the nature of the economic uncertainties in which rural economic actors are enmeshed and the manner in which they resist, engage or engender these conditions, two theoretical lenses are interposed. One, focusing on structural dissolution and an overall process of rural, and especially female, disempowerment, is drawn from recent approaches to African political economy. The other, gleaned from the field of economic anthropology, attends to the agency and knowledge of rural entrepreneurs in the face of unstable and imperfect market conditions. By bringing together these different analytic traditions, the critical significance of uncertainty within the complex process of rural economic transformation and reproduction becomes evident. Rather than functioning as a diagnostic of economic crisis and insecurity, uncertainty can be a strategic resource integral to the constitution of markets, livelihoods and economic coalitions. Such a perspective, privileging the institutional potentials of local social practice, makes apparent the forceful role played by female traders in the structuring of rural marketing systems even in the face of externally-induced and sometimes dramatic shifts in material conditions. [source]


Practice and Economic Geography

GEOGRAPHY COMPASS (ELECTRONIC), Issue 4 2010
Andrew Jones
Economic geography has over the last decade become increasingly interested in the role of practice, conceptualised as the regularised or stabilised social actions through which economic agents organize or coordinate production, marketing, service provision, exchange and/or innovation activities. Interest in practice is most clearly manifest in a growing body of research concerned to conceptualise how the regularized social relations and interactions linking economic actors (e.g. entrepreneurs, firms) shape the nature of economies, industries, and regional development processes. However, an emphasis on social practice faces significant challenges in that it lacks conceptual coherence, a clear methodological approach, and relevance for public policy. This article critically assesses the idea that practice-oriented research might or should become a core conceptual or epistemological approach in economic geography. In doing so, we identify at least four distinct strands to economic geographical interest in practice: studies centred on institutions, social relations, governmentality and alternative economies respectively. We then argue however that this shift towards practice-oriented work is less a coherent turn than a development and diversification of longstanding strands of work within the sub-discipline. [source]


The Relationship between Legal Systems and Economic Development: Integrating Economic and Cultural Approaches

JOURNAL OF LAW AND SOCIETY, Issue 2 2002
Amanda J. Perry
This paper seeks to demonstrate the need to bridge the gap between the economic and culture-based approaches to two issues which are fundamental to the debate over the relationship between legal reform and economic development: (a) the relative importance which economic actors around the world place on the legal system and (b) the core components of an effective legal system, as defined by those economic actors. It first outlines the major tenets of current economic legal reform policy, focusing on its underlying assumption that the perceptions and expectations of economic actors around the world do not vary significantly. Data from Geert Hofstede's study of variance in cultural values are then analysed in order to demonstrate how cultural values might affect private sector perceptions and expectations of legal systems as supporters of material progress. It concludes that there is a clear need for a more interdisciplinary approach to the debate over the relationship between legal reform and economic development, and the potential variance in private sector perceptions and expectations of legal systems in particular. Such an approach might be initiated through a systematic integration of existing data and theory from each discipline, reinforced by a new multi-country survey. [source]


Judicial Performance and the Rule of Law in the Mexican States

LATIN AMERICAN POLITICS AND SOCIETY, Issue 3 2006
Caroline C. Beer
ABSTRACT What determines how judicial institutions perform? Prominent theoretical approaches, such as international political economy, institutional rational choice, social capital, and structural theories, suggest that international economic actors, political competition, political participation, and poverty may all be important forces driving institutional behavior. This study analyzes these various theoretical approaches and uses qualitative and statistical analysis to compare judicial performance in the Mexican states. It provides evidence to support the institutional rational choice hypothesis that political competition generates judicial independence. Poverty, political participation, and an export-oriented economy seem to influence judicial access and effectiveness. [source]


Neoliberal Reform and Health Dilemmas

MEDICAL ANTHROPOLOGY QUARTERLY, Issue 3 2008
Social Hierarchy, Therapeutic Decision Making in Senegal
In this article, I trace the links among neoliberalism, regional ecological decline, and the dynamics of therapeutic processes in rural Senegal. By focusing on illness management in a small rural community, the article explores how economic reform is mediated by existing social structures, and how household social organization in turn influences therapeutic decision making. The illness episodes relayed here demonstrate how the acute economic and social crisis facing the Ganjool region becomes written on the bodies of young men, and how the fault lines of gender and generation shape illness experiences. These narratives also illuminate the tremendous discrepancy between the lived realities of sickness and death, and the idealized models of health participation and empowerment envisioned by the state. Rather than "neoliberal subjects" who behave as rational economic actors, men and women coping with illness are social beings embedded in fields of power characterized by highly stratified household social relations. [source]


Trust and creativity: understanding the role of trust in creativity-oriented joint developments

R & D MANAGEMENT, Issue 3 2009
Francis Bidault
In this article we report on the design, prototyping and results of a research effort aimed at identifying whether and how trust affects the innovativeness of a partnership between two players. The methodology combined an experiment and two questionnaires. The research aimed to increase our understanding of trust and its impact on the innovative outcome of cooperation and to derive some guidance for economic actors, namely R&D managers and executives who intend to build innovation-oriented relationships with their business partners. Specifically, we investigated the effect of trust on partners' creativity and willingness to invest financially in a joint development. Our results show that more trustful partners invest higher amounts in the alliance, while there seems to be an optimum amount of mutual trust between partners who maximize their joint creativity and innovativeness; if the level of mutual trust is below or above this threshold, their joint creativity seems to increase less or even to decrease. Our findings suggest that joint development projects should always include explicit trust development activities at the beginning of the project, and that the amount of trust in the joint team should be monitored to avoid the negative consequences of excessive trust. [source]


The influence of foreign direct investment on contracting confidence in developing countries

REGULATION & GOVERNANCE, Issue 3 2008
John S. Ahlquist
Abstract This paper examines whether foreign direct investment (FDI) influences confidence in commercial contracts in developing countries. While the research on how host countries' policy environments encourage FDI inflows has flourished, scholars have paid less attention to how the policy environment and local actors' beliefs might, in turn, be affected by FDI. This is surprising because multinational enterprises are well-recognized political and economic actors across the world. We expect that their increasing economic salience will influence the policy environments in which they function. By employing an innovative measure of property rights protection , contract-intensive money , we examine how foreign direct investment influences host countries' contract-intensive money ratio in a large panel time series of both developed and developing countries from 1980 to 2002. Our analysis suggests that higher levels of FDI inflows are associated with greater confidence in commercial contracts and, by extension, the protection of property rights in developing countries. [source]


Presidential Saber Rattling and the Economy

AMERICAN JOURNAL OF POLITICAL SCIENCE, Issue 3 2009
B. Dan Wood
Saber rattling is a prominent tool of the U.S. president's foreign policy leadership. Yet there has been no study of how presidential saber rattling affects international or domestic political outcomes. This study evaluates how presidential saber rattling affects U.S. economic behavior and performance. Theoretically, the study demonstrates that presidential rhetoric affects the risks that economic actors are willing to take, as well as the consequences of these resulting behaviors for U.S. economic performance. Using monthly time series running from January 1978 through January 2005, vector autoregression methods are applied to show that increased presidential saber rattling produces increased perceptions of negative economic news, declining consumer confidence, lower personal consumption expenditures, less demand for money, and slower economic growth. More broadly, the study demonstrates an important linkage between the president's two most important roles: foreign and economic policy leadership. The president's foreign policy pronouncements not only impact other nations, but also affect domestic economic outcomes. [source]